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Tom Hanks Comedy ‘A Man Called Otto’ Pre-Sells To Sony For $60M In Biggest Ever EFM Deal

EXCLUSIVE: We told you two nights ago that investors had been circling. Now the eagle has landed.  Tom Hanks comedy A Man Called Otto has offered to Sony in a file EFM worldwide rights deal pegged around $60M.

Sony has taken international rights to the red-sizzling kit from CAA Media Finance and is lining up a huge domestic theatrical release this Christmas, we realize.

Consumers had been clamouring for this one heading into the digital EFM. There had been a pair of vast affords on the desk from studios, indies and 2 streamers but it absolutely in the slay got here correct down to Sony vs international investors in a end speed ingredient. Regarding EFM files, the deal strikes past the $55M Netflix paid final year for Christian Bale thriller The Faded Blue Stare. An unlimited reason Sony bought the film is its persevering with dedication to theatrical. The film will open year close in around 2000 monitors.

The project is attributable to open this month on attach in Pittsburgh, Pennsylvania. STX World was as soon as aboard for international gross sales and CAA Media Finance repped domestic alongside Lichter Grossman Nichols Adler Feldman & Clark.

Joining Oscar winner Hanks in the feel-upright comedy adaptation of the Scandinavian hit A Man Called Ove are Mariana Treviño (Overboard), Rachel Keller (Legion) and Manuel Garcia-Rulfo (6 Underground).

As we printed earlier this month, Marc Forster will instruct the SF Studios project, which is tailored from the Fredrik Backman novel and current Oscar-nominated Swedish film of 2017 written and directed by Hannes Holm. The titular persona has been renamed to evaluate the U.S. surroundings.

The film will apply Otto (Hanks), a grumpy isolated widower with staunch suggestions, strict routines and a short fuse, who affords all people in his neighborhood a exhausting time as he watches over it take care of a hawk. Correct because it appears take care of he’s lastly given up on existence, an now not going and reluctant friendship develops together with his new neighbors. Shrimp by puny, Otto undergoes a refined transformation.

The new script comes from two-time Oscar nominee David Magee (Lifetime of Pi) who will additionally govt-web. A Man Called Otto sees the pair reuniting for the principle time following their a success collaboration on the acclaimed Finding Neverland.

Fredrik Wikström Nicastro (A Man Called Ove) of SF Studios is producing the film with Rita Wilson (Mamma Mia!), and Playtone partners Tom Hanks and Gary Goetzman. Marc Forster and Renée Wolfe will abet as govt producers by their manufacturing firm 2DUX2 (World War Z). SF Studios is financing the project.

“What a good all-considerable particular person constellation of abilities: Tom Hanks in an iconic function and an distinctive director in Designate Forster; prominent producers in Rita Wilson, Gary Goetzman and Fredrik Wikström Nicastro; graceful screenplay from David Mcgee; a global finest-promoting e-book; and our lengthy-time accomplice, SF Studios,” Tom Rothman, Chairman and CEO of Sony Photographs’ Movement Image Team, talked about in confirming the deal for Closing date. “Elizabeth Gabler, myself and Sony have had the privilege of working with all of these giants before, but this time we in truth feel take care of we hit the lottery.”

Acknowledged Nicastro: “Tom and Elisabeth’s ardour for the cloth and imaginative and prescient for a manner to web a global theatrical match blew us all away. We couldn’t be more excited for Otto to search out a home at our chums at Sony.”

Acknowledged Wilson: “We are overjoyed to accomplice with Sony, who’ve consistently confirmed their dedication to film and filmmakers. In this generation, which affords so many systems to be entertained, we applaud Sony’s dedication to theatrical exhibition.”

The deal was as soon as negotiated for Sony Photographs by Jon Freedberg, EVP Disclose Strategy & Commerce Building, and Joe Matukewicz, Head of Sony Photographs Worldwide Acquisitions’ Stage 6 Movies. CAA Media Finance, Lichter Grossman Nichols Adler Feldman and Craig Emanuel of Paul Hastings negotiated on behalf of the filmmakers.

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